Westaim (OTCMKTS:WEDXF) Sees Unusually-High Trading Volume – Should You Buy?

Westaim Corp. (OTCMKTS:WEDXFGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 16,854 shares were traded during mid-day trading, an increase of 182% from the previous session’s volume of 5,979 shares.The stock last traded at $16.36 and had previously closed at $16.50.

Westaim Stock Performance

The company’s 50 day simple moving average is $19.28 and its 200 day simple moving average is $21.17. The stock has a market capitalization of $553.61 million, a PE ratio of -11.79 and a beta of 0.20.

Westaim (OTCMKTS:WEDXFGet Free Report) last released its earnings results on Thursday, November 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The company had revenue of $14.00 million during the quarter, compared to analysts’ expectations of $1.62 million. Westaim had a negative net margin of 118.02% and a negative return on equity of 5.51%.

About Westaim

(Get Free Report)

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.

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